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. >> including president obama actually making his appeal to business leaders on his tax plan. he's now reaching out following a very tough election campaign. >> and overseas, protests get violent in egypt where the once stable nation appears to be on the verge of crisis. first, let's get to the news live at 5:30 here at 30 rock in new york city. we begin with 25 days to go until the year end fiscal cliff deadline for the first time in days president obama and speaker boehner spoke on the phone yesterday. both men agreeing not to publicly characterize how the conversation went. but the stalemate in negotiations entered bold new territory yesterday with treasury secretary tim geithner suggesting the white house is ready to go off the cliff if republicans refuse to raise taxes on the top 2%. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest members. only 2%. the size of the problem in some sense is so
. >> including president obama actually making his appeal to business leaders on his tax plan. he's now reaching out following a very tough election campaign. >> and overseas, protests get violent in egypt where the once stable nation appears to be on the verge of crisis. first, let's get to the news live at 5:30 here at 30 rock in new york city. we begin with 25 days to go until the year end fiscal cliff deadline for the first time in days president obama and speaker boehner spoke...
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Dec 6, 2012
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cliff if republicans don't agree to raising taxes on the rich. all this week, we've been focusing on what it is about this congress and this administration that makes it seem like compromise is a dirty word. certainly the extremes in the party seem to view it that way. we've been talking with past congressional leaders who have sat down at the negotiating table, facing sharp differences with the other political party in the past and still managing to come out with a deal. today, i spoke a short while ago with former senate majority leader trent lott, author of "herding cats: a life in politics." senator lott, you and senator mitchell wrote op-eds. and offering some solutions. you said one solution is to hold congress at hearings, marking up bills going on legislation. most americans would agree with that but be surprised to hear, i mean, that's their job. i think most of us, you know, would assume, isn't that their job description? >> well, they've slowly slipped away from that over the last four years, i guess, particularly the last two years. t
cliff if republicans don't agree to raising taxes on the rich. all this week, we've been focusing on what it is about this congress and this administration that makes it seem like compromise is a dirty word. certainly the extremes in the party seem to view it that way. we've been talking with past congressional leaders who have sat down at the negotiating table, facing sharp differences with the other political party in the past and still managing to come out with a deal. today, i spoke a short...
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in this sense there was no breakthrough on that central point of tax rates. as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter and the two men have not moved from that basic position. now, all of this quomz comes at the same time treasury secretary geithner also said for the first time the administration would be willing to go over the fiscal cliff if the gop does not agree to raise those rates. this was treasury secretary geithner earlier today on cnbc. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. all americans get a tax cut on the first $250,000 of their income. so, in some sense it's a tax cut for all americans. >> reporter: bottom line, anderson, we're talking today but still at stalemate. >> yeah, i mean, it's a sign, jessica and dana, of just how lack -- how little progress there's been that a phone call is big
in this sense there was no breakthrough on that central point of tax rates. as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter and the two men have not moved from that basic position. now, all of this quomz comes at the same time treasury secretary geithner also said for the first time the administration would be willing to go over the fiscal cliff if the gop does not agree to raise those rates....
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the tax cuts should be extended for all americans. danielle nottingham reports for wjz. it comes as president obama meets with a family who would be impacted if the country goes over the fiscal cliff. >> reporter: lawmakers are getting an earful about why they need to avoid the so- called fiscal cliff. >> you gotta nail this down. uncertainty is killing us. >> reporter: top comiftds -- economists came to capitol hill thursday to talk about the impact of tax increases ask government spending cuts on the middle class. >> a couple thousand dollars means a couple months rent for this family. >> reporter: the white house has made clear, the country could go or the cliff -- over the cliff, if republicans refuse to raise taxes on the top 2% of american earners. >> for them to be burdened, unnecessarily, because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: republican leaders say they will close loopholes and eliminate tax breaks to raise money but insist that bush-era tax cuts
the tax cuts should be extended for all americans. danielle nottingham reports for wjz. it comes as president obama meets with a family who would be impacted if the country goes over the fiscal cliff. >> reporter: lawmakers are getting an earful about why they need to avoid the so- called fiscal cliff. >> you gotta nail this down. uncertainty is killing us. >> reporter: top comiftds -- economists came to capitol hill thursday to talk about the impact of tax increases ask...
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Dec 1, 2012
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president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have a seat. relax for a second. it is good to see all of you. hello. it is good to be back in pennsylvania. it is good to be right here. i want to thank michael, robert, and the investor, joel glickman for hosting me today and giving me a great tour. stand up so everybody can see you, guys. [cheers and applause] there you go. we have a couple of outstanding members of congress here. [cheers and applause] now, i just finished getting a tour of the workshop. i have to say it makes me wish that joel invented this stuff sooner when i was a kid. back then, you couldn't build a roller coaster out of your erector set. i got a chance to meet some of the folks who have been working around the clock to keep up with the christmas rush. that is a good thing. these guys are santa's extra elves. they manufacture almost 3000 pieces every minute. every box that ends up on store she
president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have a seat. relax for a second. it is good to see all of you. hello. it is good to be back in pennsylvania. it is good to be right here. i want to thank michael, robert, and the investor, joel glickman for hosting me today and giving me a great tour. stand up so...
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plan through our economic model and found that for every dollar that it would increase in federal tax revenues it would rrduce gdp by $10. that is a very poor tradeoff as to have higher tax revenues but lower gdp and economic growth. that's not the direction that we want to head. if you're going to increase taxes we should do it through economic growth. that comes through smart tax policy, not dumb tax policy. melissa: but they always say, if you don't, the wealthy won't miss it. they will just pay a little bit more. it is fair their share. it wil help close the gap. how do you respond to that? >> all of that money is locked up into productive activity whether in a business or the stock market or somewhere else so the more that you tax that income, at means there's less investment, there's less for the business. there is less for hiring. it has to come from somewhere. it is not a costless exercise and ultimately that trickles down to workers through lower productivity and lower wages. that is bad forverydy. that means lower standards of living for everybody. melissa: bob, is there mon
plan through our economic model and found that for every dollar that it would increase in federal tax revenues it would rrduce gdp by $10. that is a very poor tradeoff as to have higher tax revenues but lower gdp and economic growth. that's not the direction that we want to head. if you're going to increase taxes we should do it through economic growth. that comes through smart tax policy, not dumb tax policy. melissa: but they always say, if you don't, the wealthy won't miss it. they will just...
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Dec 4, 2012
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then obama, you know, is not necessarily bound by just that demand. he could come and ask to free up more revenue. as dan was saying, i think they hope that something in the market will make the democrats move quickly but if they don't that just suggests that they don't have it within themselves as a party to vote affirmatively do so something. >> eliot: there is one other component that could create fear and tank the market, and that's the debt ceiling. that's the place where john boehner is saying there is an extra price for that. i'm going to extort an extra piece of this if you want me to raise the debt ceiling and don't fall into that bear trap once against we hope. that's something that we'll talk about. we'll take a break and my guests will stay with me. we'll talk about the meet and potatoes of it and the debt sealing. we'll be right back. mints called mints? answer in a moment. fruit just got cooler. fruit on one side, cool on the other. ice breakers duo. a fruity, cool way to break the ice. brought to you by ice breakers mints. break the ice
then obama, you know, is not necessarily bound by just that demand. he could come and ask to free up more revenue. as dan was saying, i think they hope that something in the market will make the democrats move quickly but if they don't that just suggests that they don't have it within themselves as a party to vote affirmatively do so something. >> eliot: there is one other component that could create fear and tank the market, and that's the debt ceiling. that's the place where john...
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lou: president obama is looking to hide even more taxes. to find more taxable victims beyond the so-called rich. but there are yet more conditions as white house press secretary jay carney today reminded us. the president demands any deal is dependent upon a hike in the nation's debt ceiling. carney says the debt ceiling is another issue the president simply cannot bring himself to negotiate with those lowly republicans on the hill. and today began a new campaign of blame for the national debt directed at, yes, congress. me. >> your not going to negotiate over what is a fundamental responsibility of congress, which is to pay the bills that congress incurred. it should be part of the deal. it should be done, and it should be done without trauma. lou: the president is not alone in demands for non negotiation of vast regions of the federal wasteland. some ongressional democrats are also very specific about what they refuse to negotiate as well. for example, the conggessional black caucus announced that it is strongly opposed to any cuts in med
lou: president obama is looking to hide even more taxes. to find more taxable victims beyond the so-called rich. but there are yet more conditions as white house press secretary jay carney today reminded us. the president demands any deal is dependent upon a hike in the nation's debt ceiling. carney says the debt ceiling is another issue the president simply cannot bring himself to negotiate with those lowly republicans on the hill. and today began a new campaign of blame for the national debt...
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Nov 30, 2012
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the event is part of the white house's effort to cut public support to end the bush era tax cuts for incomes on $250,000 and above. it will be shown at noon eastern on c-span 3. >> washington worked his way up and went to harvard law school. he emigrated out west to the lead minee industry was in its heyday. he arrived by stagecoach, by train and arrived in this muddy mining town, boarded himself in a log cabin and slowly worked his way up and became a successful lawyer and got involved politically, ran for congress, search for 8 terms. he then befriended abraham lincoln, obviously from illinois, and ulysses s. grant, and as they were on the rise, he stayed with them as a close confidante and colleague during the civil war. after grant was elected president, he appointed washburn secretary of state. at that time, he became ill. his family feared for his life. after 10 days, he submitted his resignation to president grants. grant regretfully accepted his resignation. over the next several months, he regained his health, which was always fragile. grant offered him the position as minis
the event is part of the white house's effort to cut public support to end the bush era tax cuts for incomes on $250,000 and above. it will be shown at noon eastern on c-span 3. >> washington worked his way up and went to harvard law school. he emigrated out west to the lead minee industry was in its heyday. he arrived by stagecoach, by train and arrived in this muddy mining town, boarded himself in a log cabin and slowly worked his way up and became a successful lawyer and got involved...
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Dec 5, 2012
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ambassador susan rice. >>> elsewhere, president obama has drawn a hard line on tax increases for the wealthiest of americans. rejecting an offer that republicans claim is as good as it's going to get. tracie potts joins us with the latest on this. good morning. >> reporter: right now it's looking more likely that we could, could, go over that fiscal cliff at the end of the month because right now, negotiations here are at a stand still. president obama talks to the business round table today after telling bloomberg he absolutely won't bunch. the wealthiest americans must pay more. >> we're not going to be able to get a deal without it. >> reporter: he may be in a good position to wait it out. a new poll found more half of americans will blame republicans if we go over the fiscal cliff. >> republicans do not want to touch one hair on the head of one person making over $250,000. that is the rub. >> they've got to come with some specific revenue. they refuse to do that. >> reporter: even other republicans are split on john boehner's plan to avoid tax hikes all together and admit negotia
ambassador susan rice. >>> elsewhere, president obama has drawn a hard line on tax increases for the wealthiest of americans. rejecting an offer that republicans claim is as good as it's going to get. tracie potts joins us with the latest on this. good morning. >> reporter: right now it's looking more likely that we could, could, go over that fiscal cliff at the end of the month because right now, negotiations here are at a stand still. president obama talks to the business round...
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plus president obama will take his case for tax hikes on the wealthy to the american people today as the war of words between democrats and republicans over the fiscal cliff heats up. >>> the trading session sitting roughly flat on the stoxx 600. decliners and advancers about even this morning. markets are trying to digest these comments from draghi. first, let's take a look at the bourses. s it is the last trading day of the month. just one left to go in this extraordinary 2012. ibex 35 appropriately enough is ending in the red today. other indexes showing a little bit of a rise here. we've seen spanish and italian debt come in sharply and the yields falling today. we saw the euro-dollar adding almost 0.3%s this morning. dollar-yen up two thirds of a percent in the light of perhaps japan may be getting moring a yes, sir sif on st ing a grefs saggressive on stim. let's get over to deidre wang morr morris. >> yes, the japanese data was good, but also the economy still stuck in deflation. hang seng down half a percent. we had pic stay in focus, not listed yet, but supposed to ipo on de
plus president obama will take his case for tax hikes on the wealthy to the american people today as the war of words between democrats and republicans over the fiscal cliff heats up. >>> the trading session sitting roughly flat on the stoxx 600. decliners and advancers about even this morning. markets are trying to digest these comments from draghi. first, let's take a look at the bourses. s it is the last trading day of the month. just one left to go in this extraordinary 2012. ibex...
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Dec 3, 2012
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taxes go up on the top 2% or they don't. right? it was obama versus romney. he keep come back to this that you heard bill crystal say what the hell are we doing as a party? even tom kohl said let's buy in 98% and get it out of the way and take credit for it. why is bajner refuse to go schedule a boat on that proposal. >> obtain doesn't have the votes. simple math, this is sort of the reality of washington. >> doesn't have the votes to block it? >> he doesn't have the votes to pass any kind of tax reform from his own caucus. they operate by a rule called the majority of the majority. effectively the house republicans will do whatever the majority of their caucus says is okay with. you know, they don't have that majority. >> if they deck -- okay. i am trying to understand where boehner is coming from. right? >> yeah. >> bill: because i think this is a time for sleepered. i am say that. not you. if he allowed that the democrats would vote for it. they don't need that many republicans. it seems to me that the pressure, then, on the republicans, a good number of t
taxes go up on the top 2% or they don't. right? it was obama versus romney. he keep come back to this that you heard bill crystal say what the hell are we doing as a party? even tom kohl said let's buy in 98% and get it out of the way and take credit for it. why is bajner refuse to go schedule a boat on that proposal. >> obtain doesn't have the votes. simple math, this is sort of the reality of washington. >> doesn't have the votes to block it? >> he doesn't have the votes to...
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obama doesn't have a mandate to raise taxes. george bush cut taxes with a minus half a million margin in the polls. so if that isn't enough of a mandate to do something about taxes, what is with the loss? >> we're going to miss you congressman frank. ending an incredible career in massachusetts. thank you so much. we're going to have you back, if we can. >> i'll be around. >> i'm going to ask you what you miss positively and negatively from the congress. thank for coming on tonight. >> you're welcome. >>> when we return, let me finish with whether the politicians will be able to do what's necessary this this month. you're watching "hardball," the place for politics. >>> let me finish tonight with something important about leave leading this country through a difficult time. it's about barack obama's job description. if you read the newspapers, you see the fiscal catastrophe of greece. right now, the world is looking at us. the whole world. people as far away as hong kong. people have to make sharp decision about money and they a
obama doesn't have a mandate to raise taxes. george bush cut taxes with a minus half a million margin in the polls. so if that isn't enough of a mandate to do something about taxes, what is with the loss? >> we're going to miss you congressman frank. ending an incredible career in massachusetts. thank you so much. we're going to have you back, if we can. >> i'll be around. >> i'm going to ask you what you miss positively and negatively from the congress. thank for coming on...
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obama doesn't have a mandate to raise taxes. george bush cut taxes with a minus half a million mar jib gi the polls. so if that isn't enough of a mandate to do something about taxes, what is with the loss? >> we're going to miss you congressman frank. ending an incredible career in massachusetts. thank you so much. we're going to have you back, if we can. >> i'll be around. >> i'm going to ask you what you miss positively and negatively from the congress. thank for coming on tonight. >> you're welcome. >>> when we return, let me finish with whether the politicians will be able to do what's necessary this this month. you're watching "hardball," the place for politics. should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you
obama doesn't have a mandate to raise taxes. george bush cut taxes with a minus half a million mar jib gi the polls. so if that isn't enough of a mandate to do something about taxes, what is with the loss? >> we're going to miss you congressman frank. ending an incredible career in massachusetts. thank you so much. we're going to have you back, if we can. >> i'll be around. >> i'm going to ask you what you miss positively and negatively from the congress. thank for coming on...
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taxes, entitlements, you name it, we're ready to talk. >> you would begin with the tax situation, right? i would begin with the spending but you are smarter than me. >> so you say to mr. obama, all right, we're willing to compromise here if it's reasonable. all right? how much more do you want to squeeze out of the upper 2%? and he says probably, i want to go back to the rate clinton had 39.5 and i want to raise capital gains to 25%. do you, lou dobbs, give him that if there is something else that he has to give? >> i certainly would not give him that without conditions. >> bill: but you would think about it it? >> absolutely. that's what i'm saying. the dobbs plan says that reasonable, reasonable, what does that mean? that a little bit of tax hike on the wealthy, and wouldn't be a little bit. what is it estimated to be about something like a billion a year. >> $82 billion. >> bill: a year? >> per year. >> bill: that's still not -- all right. so, but then to get those tax hikes, what does lou dobbs want as far as spending cuts? >> well, you know, first of all i wouldn't negotiate in the
taxes, entitlements, you name it, we're ready to talk. >> you would begin with the tax situation, right? i would begin with the spending but you are smarter than me. >> so you say to mr. obama, all right, we're willing to compromise here if it's reasonable. all right? how much more do you want to squeeze out of the upper 2%? and he says probably, i want to go back to the rate clinton had 39.5 and i want to raise capital gains to 25%. do you, lou dobbs, give him that if there is...
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on that, and president obama wants to change that to you should get taxed on that income as though it's your actual, like, salary. and if that, if he gets his way on that, then that income goes up to whatever your salary tax rate is, plus if you're over 200 or 250, the 3.8%, plus the .9% as well? >> >> it would be just the 3.8. the% 9 is for wage income above that 200 or 250. but it would be on top of your ordinary income tax rate, so we could be looking at investment income being taxed more harshly than regular income. megyn: well, why should we care about that? for those of us who don't have that many investments, why do we care? >> well, we should care because the tax on capital has a major impact on the economy overall, on productivity growth and, therefore, on standards of living. the way that you have a more prosperous economy, is you need to have incentive to encourage capital formation, to encourage investment, to increase worker productivity -- megyn: what are people going to do with their money? so if i had otherwise invested in stocks and gotten dividends, but now -- because
on that, and president obama wants to change that to you should get taxed on that income as though it's your actual, like, salary. and if that, if he gets his way on that, then that income goes up to whatever your salary tax rate is, plus if you're over 200 or 250, the 3.8%, plus the .9% as well? >> >> it would be just the 3.8. the% 9 is for wage income above that 200 or 250. but it would be on top of your ordinary income tax rate, so we could be looking at investment income being...
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men at the center of the fiscal cliff negotiations, tom cole of oklahoma and the man behind the anti-tax pledge, grover norquist will both be "outfront." the new film called zero dark 30 based often the raid that killed osama bin ladin and some charge the obama administration gave the producers certain access. thanks for joining us. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. [ traffic passing ] ] ♪ [ music box: lullaby ] [ man on tv, indistinct ] ♪ [ lullaby continues ]
men at the center of the fiscal cliff negotiations, tom cole of oklahoma and the man behind the anti-tax pledge, grover norquist will both be "outfront." the new film called zero dark 30 based often the raid that killed osama bin ladin and some charge the obama administration gave the producers certain access. thanks for joining us. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. military...
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cover 60 and carry 60% of the tax burden. what is fair? 100%? if you took -- if republicans agreed today with president obama's suggestion to do this -- raise the money on the rich, the job creators, i call them job creators and growth creators, you call them the evil rich or whatever, we would be -- save enough money or raise enough revenues to run the government for eight and a half days. that doesn't make any sense. plus, the president is announcing that he doesn't even want to put it towards deficit spending. he wants to do new spending, new stimulus, new infrastructure, new education. there's not one word of entitlement reform, social security reform, medicare reform. the structural debt. let me tell you what the leverage is, cornel. you want to know what the heart of the electorate is? it's the senate democrats who are elected in the last midterms and the senate democrats that were elected this time on a debt reform, spending reform, entitlement reform. those are your senate democrats who couldn't even pass something th
cover 60 and carry 60% of the tax burden. what is fair? 100%? if you took -- if republicans agreed today with president obama's suggestion to do this -- raise the money on the rich, the job creators, i call them job creators and growth creators, you call them the evil rich or whatever, we would be -- save enough money or raise enough revenues to run the government for eight and a half days. that doesn't make any sense. plus, the president is announcing that he doesn't even want to put it...
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. >> too little, too late; president obama's response to the g.o.p. plan to avoid the cliffally. in an interview with blomberg tv the president said there is not enough time to pull off the republican's proposal that overhauls the tax system and entitlements at tate days from going over the fiscal cliff which is called the series of spending cuts and expiring tax breaks which would be an economic disaster. the sticking point is the call for higher taxes for families, higher taxes on amounts earned above $250,000. everyone gets the tax cut, the first $250,000 is not taxable only but that. the president says, look, i ran on this and i am going to do this. but he is signaling he could be flexible on how high they would go. ed henry is like. this has been out there for a few days. >>reporter: that right. the president had the governors in today and they underdiscover the fiscal cliff will not just impact the national economy but have a lot of impact on state and local economies, as well, and their state budgets, et cetera. the president, though, is standing firm. and jake carney sayi
. >> too little, too late; president obama's response to the g.o.p. plan to avoid the cliffally. in an interview with blomberg tv the president said there is not enough time to pull off the republican's proposal that overhauls the tax system and entitlements at tate days from going over the fiscal cliff which is called the series of spending cuts and expiring tax breaks which would be an economic disaster. the sticking point is the call for higher taxes for families, higher taxes on...
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they know any agreement that raises taxes on the middle class to protect unnecessary giveaways to the top 2% is doomed from the start. it won't pass. democrats won't agree to it, president obama wouldn't sign such a bill, and the american people won't support it. >> so let's bring in dan lothian because he's at the white house where the president is just about now meeting with a group of state governors. we'll get to that in a moment. first, is there anything else in the republicans' proposal that's getting under the skin of the democrats? >> reporter: well, you know, there are obviously a lot of things in that proposal that democrats aren't necessarily embracing, but it really boils down to the, you know, tax breaks for upper income americans. i know we're starting to sound like a broken record here, but this is something that the president has been talking about even out on the campaign trail and the white house believes that, you know, the president was re-elected on that message, so the majority of americans agreed with him, and so this is really a nonstarter for democrats and for
they know any agreement that raises taxes on the middle class to protect unnecessary giveaways to the top 2% is doomed from the start. it won't pass. democrats won't agree to it, president obama wouldn't sign such a bill, and the american people won't support it. >> so let's bring in dan lothian because he's at the white house where the president is just about now meeting with a group of state governors. we'll get to that in a moment. first, is there anything else in the republicans'...
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to raising taxes on those who make more than $200,000 a year. the california federation of teachers are trying to spread this thing around. so far there is no world there is this video being played in classrooms. megyn: they just got a whole lot of airtime on fox news. it raises some interesting questions that we do want to debate. thank you. megyn: what does this message say about the people that are teaching our children what they think. we have monica crowley now. you have to laugh a little bit, don't you? another people are very upset. but, you know, i don't know. does it disturb you that the people who put this together are teaching our children? are you shocked that this is the way they think? >> they want to laugh, which is why they put in this comical cartoonish kind of way, so that if you raise legitimate issues, you are considered some sort of humorless person who doesn't really get it. the problem here is twofold. the teachers that put out this video, at least the union made on behalf of the teachers, these were the people who are tea
to raising taxes on those who make more than $200,000 a year. the california federation of teachers are trying to spread this thing around. so far there is no world there is this video being played in classrooms. megyn: they just got a whole lot of airtime on fox news. it raises some interesting questions that we do want to debate. thank you. megyn: what does this message say about the people that are teaching our children what they think. we have monica crowley now. you have to laugh a little...
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Dec 6, 2012
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hikes for the wealthy, this following president obama and speaker boehner's first phone call in days with both sides staying mum on the details. this afternoon president obama's fiscal photo-op off the day takes him to the suburban home of a middle class families in virginia, one of the thousands who responded to the
hikes for the wealthy, this following president obama and speaker boehner's first phone call in days with both sides staying mum on the details. this afternoon president obama's fiscal photo-op off the day takes him to the suburban home of a middle class families in virginia, one of the thousands who responded to the
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Dec 6, 2012
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hikes for the wealthy, this following president obama and speaker boehner's first phone
hikes for the wealthy, this following president obama and speaker boehner's first phone
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Dec 4, 2012
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men at the center of the fiscal cliff negotiations, tom cole of oklahoma and the man behind the anti-tax pledge, grover norquist will both be "outfront." the new film called zero dark 30 based often the raid that killed osama bin ladin and some charge the obama administration gave the producers certain access. thanks for joining us. and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! thanks. when you take a closer look... ...at the best schools in the world... ...
men at the center of the fiscal cliff negotiations, tom cole of oklahoma and the man behind the anti-tax pledge, grover norquist will both be "outfront." the new film called zero dark 30 based often the raid that killed osama bin ladin and some charge the obama administration gave the producers certain access. thanks for joining us. and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can....
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Dec 5, 2012
12/12
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taxes on the wealthiest americans. and nato agreed to deploy patriot missiles in turkey to defend against syrian shells and rockets that cross the border. online, historian michael beschloss offers a snapshot of an ailing lyndon johnson, days before the former president's death. hari sreenivasan has the story. >> sreenivasan: 40 years ago this month, the man who would be remembered as an architect of the vietnam war agonized over his legacy. we have a glimpse into l.b.j.'s final months with a recording of a phone conversation he had with then-president richard nixon. you can listen to it on the rundown. and on the business desk, we answer the most frequently asked question from our "ask the headhunter" series: how do you get noticed by your dream employer? all that and more is on our web site, newshour.pbs.org. gwen? >> ifill: and that's the newshour for tonight. on wednesday, we'll examinhow rising carbon dioxide levels are affecting florida's coral reefs. i'm gwen ifill. >> woodruff: and i'm judy woodruff. we'll see
taxes on the wealthiest americans. and nato agreed to deploy patriot missiles in turkey to defend against syrian shells and rockets that cross the border. online, historian michael beschloss offers a snapshot of an ailing lyndon johnson, days before the former president's death. hari sreenivasan has the story. >> sreenivasan: 40 years ago this month, the man who would be remembered as an architect of the vietnam war agonized over his legacy. we have a glimpse into l.b.j.'s final months...
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no deal until republicans drop the opposition to raising tax rates on the wealthy. that's the president's message. we'll play the interview for you, parts of it, and also hear from democratic congressman adam schiff. from the president shooting down speaker boehner proposal to now conservative groups going aafter him, who are boehner's allies at this point. where is governor jan brewer. the mystery about the out of state business trip and why his own spokesperson says he can't disclose where she is. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with heal
no deal until republicans drop the opposition to raising tax rates on the wealthy. that's the president's message. we'll play the interview for you, parts of it, and also hear from democratic congressman adam schiff. from the president shooting down speaker boehner proposal to now conservative groups going aafter him, who are boehner's allies at this point. where is governor jan brewer. the mystery about the out of state business trip and why his own spokesperson says he can't disclose where...
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president obama is leaving washington too though he is only heading across the potomac river, going to suburban virginia to speak to a middle-class family and he will press congress to protect those making less than $250,000 a year from tax increases by raising rates on those making more. in washington it is the same fight. >> president obama, democrats in congress have ever been ambiguous, provide economic security for 90% of american families and 97% of small businesses asking the wealthiest 2% to contribute just a little more to stop this runaway debt. >> what the president is really interested in as we learned just yesterday he is getting as much taxpayer money as he can first by raising taxes on small business that he believes are making too much money and then on everybody else. >> there is movement on these talks and president obama and john boehner spoke on the phone days after republicans offered a hundred billion dollars of tax revenue. republicans say they're waiting on a counteroffer from the white house. back to you. dennis: should republicans hold out and let us go over t
president obama is leaving washington too though he is only heading across the potomac river, going to suburban virginia to speak to a middle-class family and he will press congress to protect those making less than $250,000 a year from tax increases by raising rates on those making more. in washington it is the same fight. >> president obama, democrats in congress have ever been ambiguous, provide economic security for 90% of american families and 97% of small businesses asking the...
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hike president obama is pushing. the president is skipping town also for a quick stop in northern virginia. there he will meet with a middle-class family to press congress to protect those making less than $250,000 per year for a tax increase by raising rates on those earning more. the white house demanding a tax rate increase. republicans will agree to increase taxes through eliminating deductions. even if they figure out taxes, democrats and republicans still have to resolve significant differences on entitlements. take a listen. >> it is not even the right thing to do first and foremost. visit the trophy that republicans want? is that what they want to do what is right to raise the rates? speak of the american people want us to fight to cut spending. it is a fight we are happy to have. >> a house aide said president obama and house speaker john boehner spoke on3 the phone yesterday afternoon, their first conversation a week and since republicans offered $800 billion in new tax revenue and more than a trillion doll
hike president obama is pushing. the president is skipping town also for a quick stop in northern virginia. there he will meet with a middle-class family to press congress to protect those making less than $250,000 per year for a tax increase by raising rates on those earning more. the white house demanding a tax rate increase. republicans will agree to increase taxes through eliminating deductions. even if they figure out taxes, democrats and republicans still have to resolve significant...
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Dec 1, 2012
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she has gotten more tax breaks since obama was president -- she pays a lower rate than she did for the past 60 years. guest: in terms of the retroactive application --there is a possibility we could come back in january and say we will reinstate those tax rates for everybody except those people making more than $250,000. host: we have about 30 seconds. the likelihood these credits will be reduced. guest: it will be a crapshoot. host: steven sloan from politico. thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> tomorrow on washington journal, and a look at the mortgage debt relief act, which was passed by congress in the early days of the housing crisis, and a discussion of orientation sessions for senior aides and aides of members- elect in congress. and a member of the autistic and advocacy network on being an adult with autism, and the federal role in supporting autistic adults and children. washington journal, live saturday at 7:00 a.m. eastern on c-span. >> when i think of warren, i think of the "[sa;, pf
she has gotten more tax breaks since obama was president -- she pays a lower rate than she did for the past 60 years. guest: in terms of the retroactive application --there is a possibility we could come back in january and say we will reinstate those tax rates for everybody except those people making more than $250,000. host: we have about 30 seconds. the likelihood these credits will be reduced. guest: it will be a crapshoot. host: steven sloan from politico. thank you. [captioning performed...
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Dec 4, 2012
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taxes on the wealthiest americans. here's what the president told bloomberg's white house correspondent about that. >> unfortunately the speaker's proposal right now is still out of balance. you know he talks, for example, about $800 billion worth of revenue but was he says he's going to do that by lowering rates. when you look at the platte it doesn't work. when i've said is, i am prepared to work with the speaker and democrats and republicans to go after excessive health care costs in our federal health care system, we're going to have to strengthen those systems and i think we can do that without hurting seniors, without hurting beneficiaries. i think that, you know, there's probably more cuts that we can squeeze out, though we've made over a trillion worth of spending cuts. >> you'll remember only a week ago the democrats proposed their solution to this and it was rejected by the republicans. the president is reiterating that taxes have to go up on the nation's top 2% in order to get the deal in their opinion, to a
taxes on the wealthiest americans. here's what the president told bloomberg's white house correspondent about that. >> unfortunately the speaker's proposal right now is still out of balance. you know he talks, for example, about $800 billion worth of revenue but was he says he's going to do that by lowering rates. when you look at the platte it doesn't work. when i've said is, i am prepared to work with the speaker and democrats and republicans to go after excessive health care costs in...
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Dec 3, 2012
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today, president obama wants to let the bush era tax cuts expire for wealthy americans only, taking up their marginal federal tax rate from 36% to 39.6%. we're talking about a 3.6 percentage point uptick for households making more than $250,000 a year, only on every dollar they make above the $250,000 amount. starts 2 s at $251,000. it is on the money you make on the margin. now, while i totally agree every penny counts when it comes to your money, when you compare that to the taxes most americans paid out in past decades, when there was phenomenal economic growth, i don't get why republicans are screaming bloody murder about this 3.6%. what if we were all to chip in a little more. we need taxes, we need government programs, particularly the ones that use the scale and scope of government to get better deals and greater efficiency than the private enterprise can achieve. now, despite what you're being told, taxes as they stand are not an impediment to our long-term economic growth. not getting a grip on government spending will be an impediment. the solution can be found by looking for
today, president obama wants to let the bush era tax cuts expire for wealthy americans only, taking up their marginal federal tax rate from 36% to 39.6%. we're talking about a 3.6 percentage point uptick for households making more than $250,000 a year, only on every dollar they make above the $250,000 amount. starts 2 s at $251,000. it is on the money you make on the margin. now, while i totally agree every penny counts when it comes to your money, when you compare that to the taxes most...
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the obama plan has half from tax increases versus about 20% in the boehner plan. these are philosophical differences. boehner would cut much more. obama's view is we've cut so much from that already we have to be careful how much more we cut. >> when you talk about discretionary spending cuts, a big difference between defense cuts and domestic cuts. does it go after defense spending the way he has? >> he hasn't spelled it out yet. we don't know. r&d, a lot of investment programs we think we need to keep this economy growing. >> can i ask a question? what makes up the difference between the bowles-simpson proposals and the other ones? why is that so much higher? what are they leaving out? >> there were more tax increases. it was light on entitlements. >> okay. >> where did bowles-simpson get the revenue. >> they eliminated a whole slaw and lowering rates and also a tax on gasoline. >> they let the bush tax cuts expire, right? >> initially they did and then were going to do tax reform. >> would they increase the taxes on the rich? >> yeah. >> they would? >> yes. >>
the obama plan has half from tax increases versus about 20% in the boehner plan. these are philosophical differences. boehner would cut much more. obama's view is we've cut so much from that already we have to be careful how much more we cut. >> when you talk about discretionary spending cuts, a big difference between defense cuts and domestic cuts. does it go after defense spending the way he has? >> he hasn't spelled it out yet. we don't know. r&d, a lot of investment programs...
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Dec 6, 2012
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part of the push to preserve the middle class tax cut. here he is around the table in the washington area today. if the president and congress cannot reach a deal, tax rates for the middle class and everyone else goes up the first of the year. meanwhile, senate minority leader mitch mcconnell today prevented a simple majority vote to give the president the power to raise the u.s. debt ceiling. president obama pushed for the power trance fosform as part of white house plan they unveiled a week ago. fiscal cliff, 26 days away. christine romans explains how going over the cliff could affect you and your family. >> reporter: brooke, here's what the sequester could mean for domestic programs. fewer women and children with assistance and child care aid. cuts to education nearly 100,000 head start spots at risk. more than 25,000 teachers and teachers aids could lose their jobs and science and public research grants could be cut including in to cancer and childhood diseases. fewer americans could receive drug abuse treatment and $700 million slas
part of the push to preserve the middle class tax cut. here he is around the table in the washington area today. if the president and congress cannot reach a deal, tax rates for the middle class and everyone else goes up the first of the year. meanwhile, senate minority leader mitch mcconnell today prevented a simple majority vote to give the president the power to raise the u.s. debt ceiling. president obama pushed for the power trance fosform as part of white house plan they unveiled a week...
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Dec 4, 2012
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president obama says read my lips. there will be new taxes. but first, let's look at the money menu today. december, gift buying time. as you just heard, the stuff you're looking to buy could be stuck at sea. two of the largest shipping ports in the united states are mostly closed. the strike now in its eighth day, affects us all. as nearly 40% of imports flowing into the country are bottlenecking. the ports of los angeles and long beach, california, bring in a lot of hot ticket items that americans buy over the holidays including electronics, clothing and furniture. the national retail federation is urging president obama to step in and end the strike. in a letter to the president, the nrf says, quote, the shutdown is already having a significant negative economic impact on retailers, trying to bring in merchandise for their final push for the holiday sales and will soon have an impact on consumers. now, while i agree the strike will affect consumers eventually, we found that most of the stuff you'll purchase in time to give as gifts for the
president obama says read my lips. there will be new taxes. but first, let's look at the money menu today. december, gift buying time. as you just heard, the stuff you're looking to buy could be stuck at sea. two of the largest shipping ports in the united states are mostly closed. the strike now in its eighth day, affects us all. as nearly 40% of imports flowing into the country are bottlenecking. the ports of los angeles and long beach, california, bring in a lot of hot ticket items that...
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Nov 30, 2012
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called the fiscal split or the fiscal cliff because president obama's plan to avoid the fiscal cliff is not exactly flying with republicans. 32 days now count with me 32 tax rates soar, spending cuts automatically kick in and keep in mind there is a date that we're watching also before this, congress break for the holidays in all of 14 days. >> so to review the president's plan calls for $1.6 trillion in tax hikes, $50 billion in new stimulus spending, and $400 billion in unspecified cuts. the president for himself he's heading to a manufacturing plant in pennsylvania today to try to sell that idea. house speaker john boehner's reaction was essentially, get serious. so we want to talk about the numbers behind this. we're going to bring in ken rogoff, professor of economics and public policy at harvard university. you heard the specifics of the plan, $1.6 trillion in new taxes, $400 billion in unspecified cuts, $50 billion in new stimulus. how does this sound to you? >> well, it certainly sounds like a plan. and i do think we have to see some mix of higher revenues starting now and fr
called the fiscal split or the fiscal cliff because president obama's plan to avoid the fiscal cliff is not exactly flying with republicans. 32 days now count with me 32 tax rates soar, spending cuts automatically kick in and keep in mind there is a date that we're watching also before this, congress break for the holidays in all of 14 days. >> so to review the president's plan calls for $1.6 trillion in tax hikes, $50 billion in new stimulus spending, and $400 billion in unspecified...
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Nov 30, 2012
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then examining the key tax credits aimed at families and businesses that will be impacted if congress does not move on the so-called fiscal cliff. president obama travels to pennsylvania friday to talk about his plan to avoid the so- called fiscal cliff. the event is part of the white house efforts to get public support for the president's proposal to and bush era tax cuts on incomes of two hundred $50,000 and above. -- of $250,000 and above. >> he worked his way up, went to harvard law school and then, at the urging of one of his brothers, immigrated out was to illinois to golena where the lead mining industry was in its heyday. he arrived after about a month journey by ship, by stagecoach, by train and arrived in a steamboat in this muddy mining town. he boarded himself in a log cabin, and established a law practice in a log cabin. and slowly worked his way up and became a very successful lawyer and then got involved politically, ran for congress for eight terms. and then befriended abraham lincoln, obviously from illinois, and then ulysses s. grant also from golena. as they were on
then examining the key tax credits aimed at families and businesses that will be impacted if congress does not move on the so-called fiscal cliff. president obama travels to pennsylvania friday to talk about his plan to avoid the so- called fiscal cliff. the event is part of the white house efforts to get public support for the president's proposal to and bush era tax cuts on incomes of two hundred $50,000 and above. -- of $250,000 and above. >> he worked his way up, went to harvard law...